Good morning from Skift. It’s Thursday, September 7. Here’s what you need to know about the business of travel today.
25.08.2023 - 13:57 / skift.com / Ed Bastian / Delta Air Lines / Jason Clampet / Schubert Lou
On Wednesday, we published a deep dive into Chinese outbound tourism by Asia Editor Peden Doma Bhutia. The spark of the story came from a discussion she had in December with Trip.com Chief Operating Officer Schubert Lou at Skift Global Forum East. “The article is an attempt to cut the clutter and talk about how the Chinese tourist has changed and how destinations should approach this change,” Bhutia told me this week. “Also, call it perfect timing, the deep dive came out the day China removed its final Covid-induced hurdle for travel and resumed issuing tourist visas.”
Take the time to read it this weekend.
Speaking of time, you’re almost out of time to register for Skift Future of Lodging Forum in London on March 29. We’ve added new speakers and settled the full agenda, which you can see here. Early-bird pricing is over, but readers of this weekend roundup can save 15% off with the promo code WEEKEND.
Vacasa Sees Increase in Properties Leaving Its Platform
Vacasa is trying to achieve profitability in 2023 while homeowners are leaving its platform, and it’s forecasting that gross booking values will decline. Tough stuff.
Augmented Reality Could Bring New Life to History Tourism
History is a unique asset for every destination, but often one that doesn’t elicit a lot of excitement from travelers, especially as they continue to trend toward unique travel experiences. Augmented reality and virtual reality could be an unlock for destinations that want to leverage more of their rich pasts.
To Hear CEO Ed Bastian, It’s Delta’s World, We Just Live In It
Delta Air Lines CEO Ed Bastian has been out and about a lot lately telling his airline’s story. What a change three years can make. Read what is making Bastian so optimistic.
Cvent to Be Acquired by Blackstone in $4.6 Billion Deal
The world’s largest event technology company is going private again. Blackstone will soon own Cvent and is bullish on the recovery of events and travel. After an initial offer was rejected, the deal is worth approximately $4.6 billion.
Accor to Go Global With Subscription Cards to Boost Hotel Loyalty
The travel sector has been grappling with the subscription model for a few years. But Accor is the first major hotel group to roll out global paid subscription cards, giving guests access to discounts and perks at hotels worldwide.
Bankruptcy Was Just What Thai Airways Needed
Sometimes, bankruptcy is just what the doctor ordered. Thai Airways, Thailand’s largest airline, just stunned the aviation world with a striking 21 percent operating margin for the October-to-December quarter.
Cambodia Relocates Angkor Wat Communities in Controversial Tourism Touch-Up
Cultural sites like Angkor Wat must be preserved, but that
Good morning from Skift. It’s Thursday, September 7. Here’s what you need to know about the business of travel today.
It's an early spring morning in Milan. The cosmopolitan hub of Italy's north is awakening with a shot of espresso. Many are bleary-eyed after a whirlwind week celebrating the Salone del Mobile, the world's largest furniture-and-design fair. Outside Palazzo Serbelloni, I'm standing in a queue that's snaking around the neoclassical palace. If its weathered stucco walls could talk, they'd tell tales of the palazzo's notable inhabitants, including Napoleon Bonaparte and King Vittorio Emanuele II. Yet this crowd of international and local style setters and design aficionados (mostly in smart sneakers, not the suede loafers of yore) isn't searching for history; it wants to see something new. And Milan, which suddenly feels like the most forward-thinking city in Italy—a place of big ideas, investment, and innovation, busily spouting new subway lines, cutting-edge hotels, and infrastructure ahead of the 2026 Winter Olympics—is more than ready to oblige.
According to a complaint filed on August 17 in Colorado's federal court, South Carolina resident Jeriyma Hartsfield claims that Frontier's All You Can Fly Pass was a bait-and-switch scheme.
In our weekend roundup, we delve into the pros and cons of Google’s latest foray into the tours and activities industry, providing insights into how online travel agencies might stand to benefit. We also catch up with IHG’s new CEO Elie Maalouf and his ambitious plans for the brand’s future. From AI’s influence on the travel sector to the latest controversies in short-term rentals, keep reading for a comprehensive look at the most pressing issues in today’s travel landscape.
The world’s biggest airline is ready for Thanksgiving, having already battled through several hurricanes in recent months.
Marketers beware: Prior ways of marketing to Chinese consumers, including travelers, won’t work as well today because their preferences changed during the pandemic.
For this bonus episode of The Skift Travel Podcast, we turn to Dallas where we held our first in-person Skift Aviation Forum earlier this week. To begin the event, we invited American Airlines CEO Robert Isom to have a conversation conversation with Airline Weekly’s Ned Russell about post-pandemic pattern changes and how his airline is preparing for the holiday season ahead.
Trip.com Group said on Friday it had tapped a $1.5 billion sustainability-linked loan facility, meaning that the financing terms link the debt’s interest rates to the Chinese online travel giant’s performance against specific environmental targets.
One of the best definitions of high-end hospitality I saw this year suggested: “Luxury is when the standard operating procedure isn’t showing.” This hit the nail on the head for the products and experiences that transcend good into great. The guest feels a sense of detail, thoughtful anticipation, and comfort but the gears and machinations to deliver it remains hidden.
“We’re not a WeWork,” the boss of Delta Air Lines’ Sky Clubs once famously said, as the airline began capping the amount of time passengers could stay in its airport lounges.
Good morning from Skift. It’s Friday, December 30, and here’s what you need to know about the business of travel today.
The absence of Chinese tourists as countries around the world opened their borders again remains the most impactful development this year. China’s commitment to zero Covid cases dashed the normalcy return hopes of the global tourism industry.